Romania: Frozen Atlantic Halibut Market 2022

Frozen Atlantic Halibut Market Size in Romania

In 2020, the Romanian frozen atlantic halibut market decreased by -X% to $X, falling for the third year in a row after two years of growth. Over the period under review, consumption, however, saw significant growth. The most prominent rate of growth was recorded in 2009 with an increase of X% y-o-y. Over the period under review, the market attained the peak level at $X in 2017; however, from 2018 to 2020, consumption stood at a somewhat lower figure.

Frozen Atlantic Halibut Exports

Exports from Romania

In 2020, overseas shipments of frozen atlantic halibut decreased by -X% to X kg, falling for the fifth year in a row after three years of growth. Overall, exports showed a significant decline. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, exports hit record highs at X tons in 2007; however, from 2008 to 2020, exports failed to regain the momentum.

In value terms, frozen atlantic halibut exports declined remarkably to $X in 2020. In general, exports continue to indicate a precipitous curtailment. The pace of growth was the most pronounced in 2014 with an increase of X% year-to-year. Exports peaked at $X in 2007; however, from 2008 to 2020, exports remained at a lower figure.

Exports by Country

Bulgaria (X kg) was the main destination for frozen atlantic halibut exports from Romania, with a X% share of total exports. Moreover, frozen atlantic halibut exports to Bulgaria exceeded the volume sent to the second major destination, the Netherlands (X kg), ninefold.

From 2007 to 2019, the average annual rate of growth in terms of volume to Bulgaria stood at -X%.

In value terms, Bulgaria ($X) remains the key foreign market for frozen atlantic halibut exports from Romania, comprising X% of total exports. The second position in the ranking was occupied by the Netherlands ($X), with a X% share of total exports.

From 2007 to 2019, the average annual growth rate of value to Bulgaria amounted to -X%.

Export Prices by Country

In 2019, the average frozen atlantic halibut export price amounted to $X per ton, increasing by X% against the previous year. In general, export price indicated a measured increase from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, frozen atlantic halibut export price increased by +X% against 2014 indices. The most prominent rate of growth was recorded in 2016 when the average export price increased by X% year-to-year. Over the period under review, average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2019, export prices failed to regain the momentum.

There were significant differences in the average prices for the major export markets. In 2019, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Bulgaria amounted to $X per ton.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands.

Frozen Atlantic Halibut Imports

Imports into Romania

For the third consecutive year, Romania recorded decline in supplies from abroad of frozen atlantic halibut, which decreased by -X% to X kg in 2020. Overall, imports recorded a pronounced slump. The pace of growth was the most pronounced in 2017 when imports increased by X% y-o-y. As a result, imports reached the peak of X tons. from 2018 to 2020, the growth imports remained at a lower figure.

In value terms, frozen atlantic halibut imports shrank dramatically to $X in 2020. Over the period under review, imports posted a slight increase. The pace of growth was the most pronounced in 2009 with an increase of X% year-to-year. Imports peaked at $X in 2017; however, from 2018 to 2020, imports failed to regain the momentum.

Imports by Country

In 2020, Poland (X kg) constituted the largest frozen atlantic halibut supplier to Romania, with a X% share of total imports. Moreover, frozen atlantic halibut imports from Poland exceeded the figures recorded by the second-largest supplier, the Netherlands (X kg), twofold.

From 2007 to 2020, the average annual growth rate of volume from Poland totaled +X%.

In value terms, the largest frozen atlantic halibut suppliers to Romania were Poland ($X) and the Netherlands ($X (+X% per year) recorded the highest growth rate of the value of imports, among the main suppliers over the period under review.

Import Prices by Country

The average frozen atlantic halibut import price stood at $X per ton in 2020, jumping by X% against the previous year. In general, the import price enjoyed a moderate expansion. The most prominent rate of growth was recorded in 2013 an increase of X% y-o-y. The import price peaked at $X per ton in 2017; however, from 2018 to 2020, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2020, the country with the highest price was the Netherlands ($X per ton), while the price for Poland amounted to $X per ton.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Poland.

Source: IndexBox Platform

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